Starting a New Business

If you are thinking of starting your own business why not contact us to discuss your plans. The earlier you start working with an experienced accountant the more likely you are to avoid the mistakes and problems common to new businesses.

How you structure your new business, whether as a sole trader, general partnership or limited company, will have an impact on how you pay tax. See our latest guide to find out more.

 

For a free initial meeting to discuss how we can help you contact us online or call us on T: 023 9248 4356T: 023 9248 4356


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Services for new businesses

Starting a business can be exciting but it’s vital to get the right advice to ensure you can manage the legal, regulatory and financial challenges from the beginning.

We can provide start-up advice and guidance on:

  • Your business plan based on realistic information – Many startups fail because assumptions have been over- optimistic.  We can help balance your expectations with our experience of helping new businesses and knowledge of current market conditions. You might find our factsheet: Six Steps to an Effective Business Plan helpful.
  • Forecasting is an essential part of creating your plan - You will need to be aware of the various costs involved in setting up and growing your business and the best time to buy equipment etc.  This is where it helps to have someone on side to give practical advice in this area.
  • Structuring your new business – Should you run your business as a sole trader, partnership or through a limited company? There are pros and cons to each depending on your situation.  We can explain the differences so you make the right choice. Please see our factsheet on business structures.
  • Company registration if you decide to set up as a limited company,  From registering your new business and director(s) details with Companies House to providing a registered office address facility from our Havant office if required, our company secretarial service will ensure you meet your legal obligations. Please see our Company Secretarial page for more details.
  • Raising finance – There are many sources of finance available to new businesses in the form of government grants, start up loans, equity finance, enterprise investment to name a few. Through our connections with banks and third parties we can explore these with you. Our factsheet on this subject has more information.
  • Taxation – From registering your self employed status with HMRC to helping you prepare your first tax return and paying National Insurance, we will advise on the best systems to keep your financial records together and what expenses you can claim. Please see our self-assessment page for more details.
  • Software set up and training - You might manage at the start with a basic spreadsheet but as your business grows and time becomes precious a cloud-based accounting system delivers many benefits. We offer two popular packages, Xero and QuickbooksOnline, and provide set up, training and support.
  • Buying a new business – If you are looking to buy rather than start from scratch, we can perform due diligence to make sure the asking price is fair and the financial records are sound.  We can also recommend solicitors who specialise in this area.

Our services for new businesses are designed to give you the best possible start.  If you have a business idea and would like to talk to someone to see how it could work, why not give us a call on 023 9248 4356 or email using the enquiry form opposite.

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What our clients say...

I would have no hesitation in recommending their services to anyone who has the pleasure of embarking on their own business adventures, no matter where on the journey they currently may be.

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